What’s at stake:Whether the RBNZ needs to hike the official cash rate again in 2024 because of stubborn inflation pressures.
Background: The NZ economy contracted by a surprise 0.3% in the September quarter, with revisions to other quarters.
Key players: RBNZ, Adrian Orr, Stats NZ, BNZ, Mike Jones, Nicola Willis.
The Reserve Bank can cool its jets around a ‘willingness’ to hike the official cash rate again – with clear signals the economy is doing it tough, according to economists.
Stats NZ data out yesterday showed New Zealand’s economy contracted by a surprise 0.3% in the September quarter, while
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